Difference between First and Second offer

lilyann1

Haha yes same old excuse the other offer fell through!!!
Stick to it and you might just get it for £310k
If not and you really want the property, then go in at say £312k and say thats all you can stretch too???

F_T_Buyer

boy wrote:

Update: Got a call today from EA. He says the other offer of 316K fell through and seller would still accept 314K from us. Told him that 310K offer was not negotiable. So, it does look like he was bluffing. Glad we stuck to it.
I am surprised by lack of offers on this property as it's definitely worth 310-320K. Hope I get it in 310K.

I would have said "i've thought about it, and we were going over the top at £310k, and we can only really afford £290k. So £290k is the offer."

Play the EA at their own game. Clearly there was no other offer!

Jorgan_2

There may well have been another offer, a week is a long time to wait to tell the 'only' interested party that the property was re-available. The OP could have gone and offered on something else in the meantime. If it had been a day or two then I would doubt the existence of another buyer but a week is risking it.

Property_Magnate

Whenever I come back to read these forums I am often astounded at the display of naivety.

I can't stress this enough ... ignore the asking price: it is a flag flying exercise based on yesterdays market.

Read through the House Buying advice at the top of the forum page. Factor in rising interest rates around the world and a worsening economic outlook and reduce your offer price.

If you are not embarrassed by your offer it is too high. Grow some balls.

boy_3

Is this a commom rant you post everwhere? Did you even bother to look at the posts? Well not all first time buyers are as stupid as you think.
I get the Land registery prices and plans for all the properties I am interested in. And, I actually work in the financial market. And, surely you can't be sure about the economy. You are just a bear from what I can see. Appreciate if you stay away from common rants and focus on the post.
Still no deal for me as I am still stuck at 310K and I think it's a very good price for this property.

Jorgan_2

boy wrote:

Is this a commom rant you post everwhere? Did you even bother to look at the posts? Well not all first time buyers are as stupid as you think.

Personally, I think Property Magante fails to make the difference between a buyer buying a home and someone buying an investment property. Someone looking to buy a home will view a property with a different outlook & emotions, while an investor will be using a calculator.

I viewed an investment property last week, I feel no attachment to it, the figures for me are too tight at present, I,m going to wait to see if it sells or stays on the market for a few months which may allow me to put in a lower offer.